By Megumi Fujikawa

The Financial institution of Japan on Monday acquired no bids from monetary firms at its operation to purchase just lately issued 10-year Japanese authorities bonds at a hard and fast fee of 0.25%.

On Thursday, the BOJ mentioned it plans to supply a fixed-rate operation Monday morning, after the yield on the 10-year JGB hit 0.23%. The ten-year authorities bond yield can fluctuate as much as 1 / 4 share level above or beneath the zero goal, in keeping with the central financial institution’s newest steering.